Elizabeth Warren actually said...

"It is not an accident that objective fee-only advisers hardly ever recommend annuities, while commissioned sales people seem to love them."

"A GAO study on the impacts of privatization stated that, quote, 'savings come almost entirely from cutting wages and benefits, not from service efficiencies.'"

"According to this study, safety is a particular concern, for example, with replacement drivers 70 percent more likely to have collisions, which, of course, is very costly."

"I support looking for new solutions, but I am very concerned about the assumption in some places that privatizing transit operations will save money."